The new owner of Salvator Mundi, the Leonardo da Vinci painting that broke auction house records when it was sold for $450 million last month, has been revealed as the Saudi Arabian prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud.
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The United States and Saudi Arabia are so interdependent that a rift would mean disaster for the petrodollar system and the greenback’s reserve currency status, warns economist Brandon Smith.
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North Korea's deputy UN ambassador has warned the UN General Assembly that the crisis on the Korean Peninsula “has reached the touch-and-go point and a nuclear war may break out any moment.”
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Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website.
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Billions of dollars have been allocated by the World Bank for infrastructure projects in the Chinese Silk Road Economic Belt, according to the bank’s president Jim Yong Kim at the 1+6 roundtable meeting in Beijing.
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Revelations of tax-evasion and money-laundering networks on a global scale in the so-called Panama Papers helped make the world appear more corrupt last year, according to graft watchdog Transparency International.
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